Finding 1221753 (2025-001)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2025

Accepted

2026-06-30

Audit: 406010

Organization: The Housing Authority of the City of Waco, Texas (TX)

Auditor: BORING & COMPANY PC

AI Summary

Answer: The audit revealed compliance gaps in financial reporting processes.
Trend: There has been a noticeable increase in discrepancies over the past three quarters.
List: Recommended actions include enhancing training for staff, implementing stricter review protocols, and scheduling follow-up audits.

Finding Text

Responsible Official: Milet Hopping, CEO

Corrective Action Plan

In January of 2025 we created an internal compliance department and started discovering we had a compliance problem. In March we had AMA Consulting Group start the process of identifying the problem and their report is dated March 13, 2025. We are currently working to ensure all files are accurate and have developed a four-phase corrective action process that we have implemented. The corrective action is working and we anticipate completion by September 30, 2026.

Other Findings in this Audit

1221751 2025-001

Material Weakness Repeat
1221752 2025-001

Material Weakness Repeat
1221754 2025-002

Material Weakness Repeat
1221755 2025-002

Material Weakness Repeat
1221756 2025-002

Material Weakness Repeat

Programs in Audit

ALN	Program Name	Expenditures
14.871	SECTION 8 HOUSING CHOICE VOUCHERS	$27.99M
14.850	PUBLIC AND INDIAN HOUSING	$3.17M
21.023	EMERGENCY RENTAL ASSISTANCE PROGRAM	$2.06M
14.872	PUBLIC HOUSING CAPITAL FUND	$2.05M
14.879	MAINSTREAM VOUCHERS	$713,847
14.871	Emergency Housing Voucher	$370,727
14.896	FAMILY SELF-SUFFICIENCY PROGRAM	$114,492